Gold News & Info

Source:Bill Musgrave, American Gold Exchange

AustinWith US markets closed for Good Friday, gold futures edged up to $1,329.60 in electronic trade, gaining nearly $2 from yesterday's close. The metal finished the first quarter nearly 1.5% higher for its third straight quarterly win.

The dollar dipped around 0.2%. The buck lost 2.1% on the quarter, pressured by trade-war worries after President Trump levied steep tariffs on aluminum and steel, and announced up to $60 billion in tariffs on Chinese goods. A falling dollar supports gold and other commodities denominated in it for international trade by making the m less expensive for users of other currencies.

Also in electronic trade, May silver picked up 7 cents to $16.34; July platinum added $4, to $936.60; and June palladium rose $4.30 to $948.50 an ounce.